RIOT

Riot Platforms Inc

18.28

Nov 11 • 3:59 PM ET +0.20 (1.11%)

17.85

Aftermarket • 7:59 PM ET -0.43 (-2.35%)

Financial Capital Markets USA Mid NASD

Today, 10:15 AMKeefe Bruyette downgraded Riot Platforms to Market Perform from Outperform, citing its substantial reliance on Anthropic despite raising its price target to $23 from $20.

Peers: MARA CLSK HUT HIVE IREN BTBT CIFR CORZ COIN MSTR

| Held by: VTI IWM VB VGT VBK VXF DFAS VTWO IWO SCHA

Scroll to Statements

Index	RUT
Market Cap	6.86B
Enterprise Value	6.80B
Income	-1.42B
Sales	675.71M
Book/sh	5.69
Cash/sh	1.99
Dividend Est.	-
Dividend TTM	-
Dividend Ex-Date	Oct 12, 2017
Dividend Gr. 3/5Y	- -
Payout	-
Employees	816
IPO	Jan 23, 2003

P/E	-
Forward P/E	-
PEG	-
P/S	10.15
P/B	3.21
P/C	9.17
P/FCF	-
EV/EBITDA	-
EV/Sales	10.06
Quick Ratio	3.49
Current Ratio	3.49
Debt/Eq	0.32
LT Debt/Eq	0.29
Option/Short	Yes / Yes

EPS (ttm)	-3.97
EPS next Y	-1.20
EPS next Q	-0.30
EPS this Y	-21.37%
EPS next Y	49.13%
EPS next 5Y	-
EPS past 3/5Y	18.94% -45.17%
Sales past 3/5Y	35.69% 121.73%
EPS Y/Y TTM	-982.50%
Sales Y/Y TTM	6.05%
EPS Q/Q	-95.91%
Sales Q/Q	0.66%
Earnings	Nov 04 BMO
EPS/Sales Surpr.	102.98% 12.81%

Insider Own	7.42%
Insider Trans	-1.30%
Inst Own	83.77%
Inst Trans	9.95%
ROA	-37.87%
ROE	-50.52%
ROIC	-51.86%
Gross Margin	-38.63%
Oper. Margin	-84.18%
Profit Margin	-210.79%
SMA20	25.95%
SMA50	0.80%
SMA200	-5.50%
Trades

Shs Outstand	375.11M
Shs Float	347.35M
Short Float	15.31%
Short Ratio	2.52
Short Interest	53.17M
52W High	30.32 -39.71%
52W Low	11.50 58.96%
Volatility	11.17% 9.81%
ATR (14)	1.50
RSI (14)	60.08
Beta	3.91
Rel Volume	1.41
Avg Volume	21.11M
Volume	29,818,742

Perf Week	18.93%
Perf Month	9.66%
Perf Quarter	-4.84%
Perf Half Y	-26.65%
Perf YTD	44.28%
Perf Year	13.26%
Perf 3Y	76.45%
Perf 5Y	-53.76%
Perf 10Y	670.62%
Recom	1.16
Target Price	32.77
Prev Close	18.08
Price	18.28
Change %	1.11%

Consensus

Strong Buy

Avg. Price Target

$32.77

Implied Upside

+79.3%

Analysts14incl. previous ratings

Rating Distribution13 Buy · 1 Hold · 0 Sell

Date	Action	Analyst	Rating Change	Price Target Change	Implied Upside
Today	Downgrade	KKeefe, Bruyette & Woods	Outperform → Mkt Perform	$20 → $23	+25.8%
Nov 10, 2026	Upgrade	JJefferies	Hold → Buy	$13 → $28	+53.2%
Jul 23, 2026	Initiated	MMorgan Stanley	Overweight	$36	+96.9%
May 14, 2026	Initiated	JJefferies	Hold	$24	+31.3%
Apr 27, 2026	Initiated	CChardan Capital Markets	Buy	$27.50	+50.4%
Nov 19, 2025	Initiated	CCitizens JMP	Mkt Outperform	$25	+36.8%
Sep 26, 2025	Upgrade	JJP Morgan	Neutral → Overweight	$19	+3.9%
Sep 26, 2025	Upgrade	CCitigroup	Neutral → Buy	$24	+31.3%
Sep 24, 2025	Initiated	AArete	Buy	$26	+42.2%
Sep 15, 2025	Resumed	CCompass Point	Buy
Aug 06, 2025	Initiated	CCitigroup	Neutral	$13.75	-24.8%
Jul 28, 2025	Downgrade	JJP Morgan	Overweight → Neutral	$15	-17.9%
Jan 08, 2025	Initiated	KKeefe Bruyette	Outperform
Dec 17, 2024	Initiated	PPiper Sandler	Overweight	$23	+25.8%
Sep 25, 2024	Initiated	MMacquarie	Outperform	$15	-17.9%
Jul 24, 2024	Reiterated	NNeedham	Buy	$15 → $13	-28.9%
Dec 08, 2023	Upgrade	JJP Morgan	Underweight → Neutral	$8 → $12	-34.4%
Oct 31, 2023	Initiated	BBernstein	Outperform	$15.60	-14.7%
Oct 11, 2023	Initiated	JJP Morgan	Underweight	$6.50	-64.4%
Feb 21, 2023	Initiated	NNeedham	Buy	$9	-50.8%

Today 09:25AM	RIOT Stock Sees Downgrade On Substantial Anthropic Reliance: HUT, MARA Shares See Price Target Cuts (Stocktwits)
Nov-10-26 10:50AM	Riot Platforms Stock Surges After Jefferies Upgrade (Schaeffer's Research)
08:17AM	RIOT Stock Gains After Jefferies Upgrade, JP Morgan Price Target Hike: Analysts See Favorable Economics In Corsicana Data Center Deal (Stocktwits)
Nov-09-26 03:17PM	These Former Bitcoin Miners Embraced AI. Was That the Right Move? (Barrons.com) +5.69%
10:08AM	Morgan Stanley raises Riot target to $41, cuts Cipher, Hut 8, Galaxy and Applied Digital (Blockspace)
01:53AM	Loading…
Nov-06-26 01:53AM	Bitcoin set for weekly loss on post-midterms regulatory uncertainty, jobs report (Investing.com) +13.21%
Nov-05-26 12:42PM	Keel Infrastructure Sells Entire $192M Bitcoin Treasury, Plans Daily BTC Sales (CryptoProwl)
Nov-04-26 02:41PM	Bernstein Cuts Price Targets on Seven Bitcoin Miners After Democrats Texas Win Threatens AI Data Center Boom (CryptoProwl) +9.63%
11:09AM	RIOT Stock Heads For Biggest Weekly Gain In 5 Months After Signing Its Largest-Ever AI Data Center Lease (Stocktwits)
11:08AM	Bitcoin Rises, Crypto Miners Sharply Divided As Midterms Dampen AI Outlook (Investor's Business Daily)
10:32AM	Riot Platforms Signs $28 Billion AI Data Center Lease as Q3 Revenue Reaches $181.4 Million (InvestorsHub)
09:31AM	Riot Platforms Beats On A Thin Profit, But The $28 Billion Corsicana Lease Is The Real Story As Funding Questions Linger (Earnings Whispers)
09:10AM	Riot Platforms Tops Revenue Estimates, Signs $28 Billion AI Lease for Corsicana Campus (CryptoProwl)
09:09AM	Riot signs 15-year, 910 MW Corsicana powered-land lease with frontier AI lab worth about $28 billion (Blockspace)
08:41AM	Cipher Mining sinks 17% as Texas election puts AI data-center expansion at risk (Investing.com)
07:30AM	Loading…
07:30AM	Riot Platforms Reports Third Quarter 2026 Financial Results and Strategic Highlights (GlobeNewswire)
Nov-03-26 11:40AM	4 Crypto Stocks Outpace Bitcoin on Election Day: What Drove the Jump? (BeInCrypto) +18.41%
Nov-02-26 07:11AM	CIFR Stock Gets Biggest Price-Target Cut In Sector-Wide Reset Amid Keefe Bruyettes AI Hosting Valuation Concerns (Stocktwits) -7.57%
01:00AM	3 Crypto Earnings Reports to Watch For First Week of November (BeInCrypto)
Oct-30-26 10:04AM	Crypto Stocks Slide After Reported Record $6.36 Billion Binance Hack (InvestorsHub) -6.77%
06:34AM	Crypto stocks drop after record $6.3bn Binance hack (Investing.com)
Oct-28-26 10:38AM	Morgan Stanley reiterates Overweight on five AI data center stocks, with 441% TeraWulf upside (Blockspace) +6.56%
Oct-27-26 02:35PM	Riot's $9.8 Billion Data Center Backlog Meets A Stock Down Nearly Half Since Its Big Deal (Earnings Whispers) +7.70%
09:43AM	KBW sees Anthropics AMD and overseas lease plans favoring Core Scientific and TeraWulf, backstops still required (Blockspace)
Oct-26-26 02:10PM	These energy stocks are poised to profit from an imminent AI power crunch (MarketWatch)
Oct-23-26 09:33AM	AI Pivot Fails to Slow Bitcoin Mining Competition as Hashrate Surges (CryptoProwl)
Oct-20-26 04:05PM	Riot Announces Third Quarter 2026 Earnings Conference Call (GlobeNewswire)
11:16AM	Piper Sandler cuts price targets on MARA, Riot, Galaxy and Hut 8, keeps Overweight ratings (Blockspace)
09:36AM	MARA, RIOT, HUT, GLXY See Price Cuts From Piper Sandler Amid AI Trade Reversal, Hotter Inflation, Pricier Debt (Stocktwits)
Oct-16-26 09:26PM	What Changed For Cipher Digital Stock, And What Did Not? (Trefis) -11.48%
09:33PM	Loading…
Oct-14-26 09:33PM	What Needs To Be True To Buy Cipher Digital Stock Now? (Trefis) -9.42%
04:25PM	Could Applied Digital Stock Survive Its Lenders Pulling Back? (Trefis)
11:46AM	Why Did MARA Stock Fall? (Trefis)
Oct-13-26 02:26PM	How Much Of Applied Digitals Fiscal Q1 Revenue Was Rent? (Trefis)
Oct-12-26 06:32PM	What Could Derail Applied Digital Stock? (Trefis)
Oct-09-26 08:32PM	How Much Downside Is Left In MARA Stock? (Trefis)
05:33PM	How Risky Is Cipher Digital Stock? (Trefis)
12:41PM	MARAs CEO Expects Two AI Leases by Year-End. Heres What the Stock Needs to Show Before December 31 (TIKR)
12:19PM	MARA RIOT, GLXY Price Targets Cut At Morgan Stanley On AI Credit Concerns: Analyst Still Sees Over 100% Upside (Stocktwits)
Oct-08-26 09:02AM	Riot Platforms $573 Million Bridge Loan Comes Due December 31 as Shares Fall 8% in Octobers First Week. Time to Sell or Load Up? (TIKR) -9.17%
Oct-07-26 10:00AM	Cardano leads way as large cryptocurrencies drop (MarketWatch)
Oct-06-26 12:42PM	Historically Bullish Trendline Captures RIOT's Latest Pullback (Schaeffer's Research)
10:00AM	Most large cryptocurrencies increase as Avalanche rallies (MarketWatch)
Oct-05-26 10:00AM	Most big cryptocurrencies rise as Cardano climbs (MarketWatch)
Oct-02-26 10:00AM	Most large cryptocurrencies rise as Cardano rallies (MarketWatch)
Oct-01-26 10:00AM	Cardano leads increases as large cryptocurrencies start mixed (MarketWatch)
Sep-30-26 04:00PM	Has Buying Applied Digital Stock's Dips Paid Off? (Trefis) -5.80%
10:00AM	Most large cryptocurrencies climb on Cardano, Dogecoin increases (MarketWatch)
Sep-29-26 10:12AM	Crypto Stocks Rise With Bitcoin Above $84K Analysts Raise Riot, Robinhood Price Targets (Stocktwits)
10:00AM	Most big cryptocurrencies increase as Avalanche surges (MarketWatch)
07:36AM	What This ETF Can Tell Us About Anthropic's IPO Plan (Barrons.com)
Sep-28-26 10:00AM	Most big cryptocurrencies decrease as Sui tumbles (MarketWatch) -6.00%
Sep-27-26 10:57AM	Riot Frees $494 Million in Bitcoin From Coinbase Loan: Will It Sell? (BeInCrypto)
04:29AM	Riot Platforms Is Quietly Spending Its Bitcoin Heres Why That Matters (TIKR)
Sep-25-26 10:00AM	Sui leads way as most big cryptocurrencies post gains (MarketWatch)
Sep-24-26 10:00AM	Sui leads increases as large cryptocurrencies start mixed (MarketWatch)
Sep-23-26 01:07PM	Should You Sell Your APLD Stock Now? (Trefis)
10:00AM	Most large cryptocurrencies decrease as Avalanche declines (MarketWatch)
Sep-22-26 01:33PM	MSTR, HOOD, RIOT Stocks Lead Gains In Fundstrat's Granny Shots ETF Last Week, Says Tom Lee (Stocktwits)
10:00AM	Avalanche leads slumps as large cryptocurrencies start mixed (MarketWatch)
Sep-21-26 04:02PM	America's power grid is running out of juice - and these stocks stand to gain (MarketWatch)
10:56AM	Riot Platforms Is Building a Data Center Business Inside a Bitcoin Miner. Is RIOT Stock a Buy? (TIKR)
10:07AM	Is MARA Stock A Buy Today, Before Any AI Leases Are Signed? (Trefis)
10:00AM	Large cryptocurrencies climb on Sui, Cardano increases (MarketWatch)
Sep-18-26 02:28PM	Investing.coms stocks of the week (Investing.com) +8.55%
10:00AM	Large cryptocurrencies rise as Sui increases (MarketWatch)
Sep-17-26 04:28PM	How Far Can Cipher Digital Stock Fall While It Waits For Rent? (Trefis) +7.52%
03:41PM	Can Applied Digital Stock Recover On Leases It Has Already Signed? (Trefis)
10:00AM	Most large cryptocurrencies rise as Avalanche rallies (MarketWatch)
08:05AM	Volato Group Names Chris Ensey Chief Executive Officer Following Completion of Alignment Engine Merger (Business Wire)
Sep-16-26 01:00PM	17 Stocks Short Sellers Are Loving Right Now (Schaeffer's Research)
10:00AM	Most big cryptocurrencies decline as Cardano tumbles (MarketWatch)
Sep-15-26 10:00AM	Ethereum leads way as large cryptocurrencies fall (MarketWatch) -5.97%
06:03AM	Crypto Stocks Fall as Bitcoin Drops Ahead of Clarity Act Vote and Fed Decision (InvestorsHub)
Sep-14-26 08:04PM	How Far Can Applied Digital Stock Fall If The Business Keeps Growing? (Trefis)
10:00AM	Large cryptocurrencies mixed as Dogecoin drops (MarketWatch)
Sep-11-26 05:09PM	Is Cipher Digital Stock Expensive, Or Just Early? (Trefis)
10:00AM	Ethereum leads way as most big cryptocurrencies post increases (MarketWatch)
Sep-10-26 10:00AM	Sui leads way as large cryptocurrencies decline (MarketWatch) -5.07%
Sep-09-26 10:00AM	Large cryptocurrencies mixed as XRP climbs (MarketWatch)
Sep-08-26 10:00AM	Sui leads way as most big cryptocurrencies post declines (MarketWatch)
Sep-04-26 10:00AM	Large cryptocurrencies drop on Sui, XRP decreases (MarketWatch)
Sep-03-26 08:06PM	What Are You Actually Buying In Applied Digital Stock? (Trefis) +13.44%
02:59PM	Investor Who Went 30 Years Without a Loss Just Bet $125 Million on Bitcoin (BeInCrypto)
02:37PM	Riot Platforms Stock Could Extend Today's Rally (Schaeffer's Research)
10:00AM	Large cryptocurrencies rise as Cardano increases (MarketWatch)
Sep-02-26 10:00AM	Most big cryptocurrencies fall as XRP declines (MarketWatch)
Sep-01-26 10:00AM	Large cryptocurrencies mixed as Tronix declines (MarketWatch) -6.34%
Aug-28-26 10:00AM	Solana leads way as most big cryptocurrencies post decreases (MarketWatch) -9.05%
Aug-27-26 08:36PM	Applied Digital Stock Is Down, But Its AI Data Center Business Is Powering Up. What Gives? (Trefis)
10:00AM	Large cryptocurrencies climb on Solana, Sui increases (MarketWatch)
Aug-26-26 10:00AM	Most big cryptocurrencies fall on XRP, Sui drops (MarketWatch)
Aug-25-26 10:00AM	Most big cryptocurrencies decline as Cardano tumbles (MarketWatch) +6.50%
Aug-24-26 10:24AM	Morgan Stanley expects powered-shell deal wave by October (Blockspace)
10:00AM	Dogecoin leads declines as large cryptocurrencies start mixed (MarketWatch)
Aug-21-26 04:34PM	Weekly Wrap: Bitcoin Breaks Out (CryptoProwl) -5.48%
03:59PM	Anthropic Taps Google Chip Veteran as Part of Push Into Hardware (Bloomberg)
10:15AM	Crypto Miner Poolin Files For Bankruptcy (CryptoProwl)
10:00AM	Most big cryptocurrencies rise on XRP, Sui increases (MarketWatch)
05:56AM	Crypto stocks extend rally as Bitcoin jumps on US regulatory momentum (InvestorsHub)

Show Previous News

Insider Trading	Relationship	Date	Transaction	Cost	#Shares	Value ($)	#Shares Total	SEC Form 4
Werner Ryan D.	SVP, CAO	Aug 05 '26	Sale	22.23	47,733	1,061,282	699,493	Aug 07 05:00 PM
Werner Ryan D.	SVP, CAO	Jul 07 '26	Sale	21.52	17,828	383,703	895,726	Jul 09 04:30 PM
Yee Colin M.		Jul 01 '26	Option Exercise	0.00	124,823	0	428,435	Jul 06 05:00 PM
Les Jason	CEO	Jun 22 '26	Sale	30.09	62,703	1,886,733	1,263,556	Jun 24 04:15 PM
Werner Ryan D.	SVP, CAO	Jun 22 '26	Sale	30.00	25,375	761,250	927,423	Jun 24 04:15 PM
Jason Les	CEO	Jun 22 '26	Proposed Sale	28.10	250,000	7,025,000		Jun 22 04:48 PM
Werner Ryan D.	SVP, CAO	May 27 '26	Sale	26.50	37,616	996,824	952,798	May 29 04:45 PM
Les Jason	CEO	May 11 '26	Sale	25.19	175,000	4,408,250	1,326,259	May 13 04:45 PM
Jason Les	CEO	May 11 '26	Proposed Sale	24.08	175,000	4,214,000		May 11 04:11 PM

Riot Platforms, Inc. is a bitcoin mining company, which engages in the provision of special cryptocurrency mining computers. It invests in Verady, Coinsquare, and Tess. It operates through the Bitcoin Mining and Engineering segments. The Bitcoin Mining segment focuses on maximizing ability to successfully mine Bitcoin by growing hash rate. The Engineering segment designs and manufactures power distribution equipment and custom engineered electrical products that provides them the ability to vertically integrate many of the critical electrical components and engineering service. The company was founded on July 24, 2000 and is headquartered in Castle Rock, CO.

Executive ChairmanMr. Soo Li Yi C.F.A.

CEO & Executive DirectorMr. Jason Les

Senior VP & COOMr. Stephen Howell

Chief Data Center OfficerMr. Jonathan Gibbs

CFOMr. Jason Chung

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